Moore Capital Management LP Invests $17.60 Million in Invesco Ltd. $IVZ

Moore Capital Management LP bought a new position in shares of Invesco Ltd. (NYSE:IVZ) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 670,080 shares of the asset manager’s stock, valued at approximately $17,603,000. Moore Capital Management LP owned approximately 0.15% of Invesco as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of IVZ. Price T Rowe Associates Inc. MD increased its stake in shares of Invesco by 368.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,729,393 shares of the asset manager’s stock worth $176,782,000 after purchasing an additional 5,292,867 shares in the last quarter. Norges Bank purchased a new stake in shares of Invesco during the fourth quarter worth about $102,523,000. Holocene Advisors LP purchased a new stake in shares of Invesco during the third quarter worth about $55,719,000. Samlyn Capital LLC purchased a new stake in shares of Invesco during the third quarter worth about $44,567,000. Finally, Balyasny Asset Management L.P. increased its stake in shares of Invesco by 58.1% during the second quarter. Balyasny Asset Management L.P. now owns 5,092,189 shares of the asset manager’s stock worth $80,304,000 after purchasing an additional 1,871,666 shares in the last quarter. Hedge funds and other institutional investors own 66.09% of the company’s stock.

Invesco Stock Performance

Invesco stock opened at $28.82 on Thursday. The firm has a 50 day simple moving average of $26.65 and a 200-day simple moving average of $26.30. Invesco Ltd. has a 1-year low of $14.48 and a 1-year high of $29.82. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.45 and a quick ratio of 1.45. The stock has a market cap of $12.77 billion, a price-to-earnings ratio of -19.60, a price-to-earnings-growth ratio of 0.65 and a beta of 1.60.

Invesco (NYSE:IVZ) last posted its quarterly earnings results on Tuesday, April 28th. The asset manager reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.01). Invesco had a negative net margin of 6.11% and a positive return on equity of 11.34%. The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same period last year, the company earned $0.44 EPS. The business’s quarterly revenue was up 14.0% on a year-over-year basis. On average, analysts expect that Invesco Ltd. will post 2.58 EPS for the current year.

Invesco Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Friday, May 15th were paid a $0.215 dividend. This is a positive change from Invesco’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.86 annualized dividend and a dividend yield of 3.0%. Invesco’s dividend payout ratio is currently -58.50%.

Analysts Set New Price Targets

IVZ has been the subject of a number of research reports. Argus reissued a “hold” rating on shares of Invesco in a research note on Wednesday, April 29th. Barclays upped their price objective on shares of Invesco from $24.00 to $26.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 29th. BMO Capital Markets dropped their price objective on shares of Invesco from $32.00 to $28.00 and set an “outperform” rating for the company in a research note on Friday, April 10th. TD Cowen upped their price objective on shares of Invesco from $32.00 to $33.00 and gave the company a “buy” rating in a research note on Monday, June 8th. Finally, Zacks Research cut shares of Invesco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 26th. Four research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $27.64.

About Invesco

Invesco Ltd. is an independent global investment management firm headquartered in Atlanta, Georgia, and publicly traded on the New York Stock Exchange (NYSE: IVZ). With origins dating back to 1935, the company is dedicated to offering a wide array of investment strategies and solutions to both individual and institutional clients worldwide.

The firm’s product suite encompasses actively managed equity and fixed income funds, passive index funds, exchange-traded funds (ETFs), closed-end funds, and unit investment trusts, alongside specialized offerings such as private markets, real estate, and structured products.